The Retention Period for Payroll Documents Commences

question 9

Multiple Choice

The retention period for payroll documents commences:

• A)When an employee's first pay is disbursed.
• B)When an employee terminates employment.
• C)At the time an employee is hired.
• D)Once the employee completes one year of service.

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Definitions:

Small Companies

Organizations with a limited number of employees and revenue, often characterized by a narrow market focus.

Microloans

Small-business loans often used to buy equipment or operate a business.

Small Business Administration

A U.S. government agency that provides support to entrepreneurs and small businesses.